LANDMARK LAWSUIT FILED AGAINST SEC TO PROTECT ALL WHISTLEBLOWERS
SEC Prosecutions

SEC Prosecutions

Chinese Nationals Settle Charges of Insider Trading in Advance of Merger

SEC v. All Know Holdings Ltd., Sha Chen, Lili Wang, Zhi Yao, Xuechu Yang, Yonghui Zhang, and Jie Meng

  • 2013
  • $691,890

This case was brought to freeze assets and address suspicious trading in advance of a publicly announced merger between Beijing-based Global Education and Technology Group, Ltd. and London-based Pearson plc. Settlements were reached with defendants Meng, Wang and Zhang, who consented to injunctions and money sanctions. Their alleged illicit trading profits were calculated to total approximately $380,000.

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